State Act
23
Section 23. Deposit in Court.
The Himachal Pradesh Debt Reduction Act, 1976
Act no. 31 of 19761976In forceHimachal Pradesh (State Act)
23. Deposit in Court.- (1) Any person who owes money may at anytime deposit in court a sum of money in full or part payment to his creditor. (2) The court on receipt of this deposit shall give notice thereof to the creditor and shall on his application, pay the sum to him. (3) From the date of such deposit interest shall cease to run on the sum so deposited.